Aviva pays £460m for AIG’s UK protection business

By: ameer@trustedteam.com

Aviva is to acquire American International Group’s (AIG) UK protection business for £460m. Aviva will acquire AIG Life UK from Corebridge Financial, a subsidiary of AIG. It said that AIG Life...

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Rental demand shifting away from London: Barrows and Forrester

By: ameer@trustedteam.com

Rental demand has surged in most parts of the UK but continues to fall in London, the latest figures from estate and lettings agent Barrows and Forrester shows. Its rental...

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UTB to start accepting ‘passing rent’ figures

By: ameer@trustedteam.com

United Trust Bank (UTB) is to start accepting passing rent figures declared by landlords to a maximum of 10% over the rent verified by a valuer. The bank describes it...

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Ginnie Mae changes HMBS pool eligibility requirements to address liquidity challenges

By: ameer@trustedteam.com

The Government National Mortgage Association (Ginnie Mae) on Friday announced a new policy for its Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program, now allowing the securitization of multiple...

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Wells Fargo hires a D.C., Wall Street insider as its latest vice chair

By: ameer@trustedteam.com

Thomas Nides, who will join Wells Fargo next month, said in a statement that he's "excited to join Wells Fargo at this pivotal time in the company's transformation journey."Kobi...

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Fed governor calls for transparency, accountability in AI models

By: ameer@trustedteam.com

Federal Reserve Gov. Lisa Cook said artificial intelligence could be a boon to the U.S. labor market if workers, employers and policymakers are adequately prepared.Ting Shen/Bloomberg Federal Reserve...

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JPMorgan shutters 14 First Republic branches, more closures expected

By: ameer@trustedteam.com

Enjoy complimentary access to top ideas and insights — selected by our editors. First Republic Bank failed in April and was placed into the receivership with the...

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Fleet Mortgages launch green seven-year fixed rate products

By: ameer@trustedteam.com

Fleet Mortgages has announced the launched new green seven-year fixed rate products aimed at landlords looking for longer-term certainty. The new products are available up to 75% loan-to-value (LTV) for standard,...

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Anniversary of mini budget and a year of mortgage mayhem

By: ameer@trustedteam.com

The date 23 September marks one year since former Prime Minister Liz Truss and Chancellor Kwasi Kwarteng unleashed their mini-budget. As Quilter mortgage expert Karen Noye explains this acted as...

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Rightmove points to lowest mortgage rate since June

By: ameer@trustedteam.com

In its latest mortgage tracker Rightmove reveals we have seen the lowest mortgage rate available within a Loan-To-Value (LTV) bracket dip below 5% for the first time since June...

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